December 23, 2014
Cadwalader's Antitrust Group represented Eli Lilly and Company in connection with the U.S. antitrust clearance of its proposed $5.4 billion acquisition of Novartis Animal Health. Following an in-depth review, the Federal Trade Commission cleared the transaction under the Hart-Scott-Rodino Antitrust Improvements Act on December 19, 2014, subject to a limited divestiture. The FTC’s action clears the path for the parties to close the transaction. Partners Charles (Rick) Rule, the head of the firm's Antitrust Group and co-chair of the firm's Litigation Department, and Andrew Forman led the Cadwalader team. Associates assisting with the matter include Ngoc Hulbig, Joshua Shapiro, Christian Lorenz, William Dolan, and Jessica Michaels.